Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Gate+0.825%66s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.392% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 3 days (all we have)−0.793%−$79 · spread now +0.825%, 7d avg +0.045%

Together, before fees−0.730%−$73 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.780% dearer against Gate than usual: you sell high and buy low, +$78 on $10k if it goes back to its 7-day average of +0.045%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5517	0.0100	pay 0.0100% / 8h	1h 34m	$374.5M	$138.3M	100x
Short	ApeX Omni XRPUSDT	1.5645	0.0100	get 0.0013% / 1h	34m 20s	$1.0M	$880K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee ApeX OmnibpOrdersPrice spread, now +0.825%Rate

Funding earned: $0
Price spread: +0.825% → +0.045%: $77.99
Slippage, 4 orders: −$14.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $38.8
Costs to cover: 0.392%
Break-even: from the start

Slippage from Gate: live order book, 5 min ago; ApeX Omni: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 5 min ago	0.32 bp	11.4 bp −$11	15.0 bp −$150	30.1 bp −$3,008	41.0 bp −$20.5K
Sell ApeX Omni live order book, 5 min ago	3.84 bp	9.6 bp −$10	19.9 bp −$199	doesn't fit	doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5561	+0.284%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5550	+0.215%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5542	+0.161%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5532	+0.095%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.463%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5545	+0.182%	$15.6M	$68.4M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5541	+0.155%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0130%	1h	1.5530	+0.083%	$915K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5543	+0.169%	$3.0M	$12.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5558	+0.264%	$456K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5496	−0.132%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5512	−0.029%	$39.4M	$77.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5556	+0.254%	$671K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5520	+0.017%	$558.9M	$1.95B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5533	+0.103%	$349.1M	$886.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5540	+0.148%	$127.2M	$873.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5561	+0.284%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5548	+0.200%	$118K	$732K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+1.070%	$1.7M	$616K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5517	long leg	$374.5M	$138.3M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5497	−0.129%	$289.4M	$840.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5506	−0.070%	$113.7M	$157.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5542	+0.161%	$270.5M	$359.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5533	+0.103%	—	$116.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5595	+0.501%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5600	+0.533%	$677K	$100.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5597	+0.516%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5645	+0.825%	$1.0M	$880K	50x
Vest XRP-PERP	+0.0100%	1h	1.5515	−0.014%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5500	−0.110%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5504	−0.083%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5542	+0.160%	$837K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5509	−0.052%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5541	+0.155%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5525	+0.052%	$51.0M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5540	+0.148%	$55.4M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5555	+0.244%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5534	+0.110%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5540	+0.147%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5541	+0.153%	$72K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5580	+0.409%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5528	+0.071%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5495	−0.143%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5552	+0.226%	$5.8M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5551	+0.219%	$24.5M	$73.2M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0282%	1h	1.5571	+0.348%	$1.8M	$978K	25x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5564	+0.303%	$1.9M	$32.4M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5600	+0.535%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5544	+0.173%	$509K	$621K	10x	as long as short
Hyperliquid XRP	+0.0596%	1h	1.5516	−0.006%	$290.0M	$200.2M	20x	as long as short
Aftermath Perps XRPUSD	+0.0697%	1h	1.5607	+0.579%	$1K	$11K	10x	as long as short